Polaris Q2 sales rise 9%, lifts 2026 outlook
PII•Drivers of the quarter
- Shipment volumes and pricing - The company said Q2 sales growth was driven by higher shipment volumes and positive net price.
- Tariff refunds - Adjusted EPS benefited from $74 million in tariff refunds recorded in Q2.
- Product mix and margin - Gross profit margin improvement was attributed to net price, positive product mix, and tariff refunds offsetting higher tariff expense.
Q2 sales and earnings rise
Polaris said second-quarter sales rose 9% year over year to $2.02 billion.
Adjusted EPS for the quarter was $1.97, aided by $74 million in tariff refunds.
Analyst coverage and valuation
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 14 "hold" and 1 "sell" or "strong sell".
The average consensus recommendation for the auto & truck manufacturers peer group is "buy".
